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The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent. Here's what it could mean for your finances.What does it mean for consumers and prime rates?The Bank of Canada's benchmark rate affects borrowing costs for banks, which means they're able, but not forced, to lower their own lending rates.
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Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit
macrealty.com/blog.
AbbotsfordBowen IslandBurnaby EastBurnaby NorthBurnaby SouthCloverdaleCoquitlamGreater VictoriaKelownaLadnerLangleyMaple RidgeMissionNanaimoNew WestminsterNorth DeltaNorth OkanaganNorth SurreyNorth VancouverParksville / QualicumPitt MeadowsPort CoquitlamPort MoodyRichmondSaanich PeninsulaSouth OkanaganSouth Surrey/White RockSquamishSunshine CoastSurrey - CentralTsawwassenVancouver - EastVancouver - WestVancouver IslandVictoria CoreWestshoreWest VancouverWhistler
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June has arrived, summer is just around the corner, and Metro Vancouver is filled with fantastic events to check out.
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MACDONALD REALTY IN THE NEWS
If Bank of Canada interest rates are cut, it may shake up BC's housing scene (DailyHive)LOWER MAINLAND
Inventory Continues To Outpace Sales In Greater Vancouver Real Estate Market (STOREYS)"Surprise" softening of home sales in Metro Vancouver, but listings trend upwards (DailyHive)West Vancouver council rejects provincial housing rules (North Shore News)VICTORIA AND VANCOUVER ISLAND
Victoria sees increase in active listings (Business Examiner)OKANAGAN
Housing prices falling, supply increasing across Okanagan (MSN / Global News)BRITISH COLUMBIA
Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years (Financial Post)Fraser Valley Real Estate Inventory At Highest Levels Since Before COVID (STOREYS)CANADA
Bank of Canada cuts key interest rate to 4.75% (CBC News)